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LogisticTech

Delhivery Shares Rally 7% Intraday


SUMMARY

The stock was up INR 280.70 per share on the BSE, as of 1:09 PM, reflecting a gain of 6.8% from its last close of INR 262.80 apiece

The company’s market capitalisation currently stands at INR 20,928.47 Cr ($2.44 Bn)

The stock has been on the upturn for the past three straight sessions, while it is also set for its best day since mid-February

Shares of logistics major Delhivery jumped 7.3% to INR 282.05 apiece during the intraday trading session on the BSE today.

The stock was up INR 280.70 per share on the BSE, as…



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by INC42

SUMMARY Alongside disclosing its financial performance for Q2 FY26, logistics major Delhivery announced its plans to foray into the fintech segment today Its board has considered and approved the incorporation of a new wholly owned subsidiary (WOS) Delhivery Financial Services with an initial investment of INR 12 Cr The dedicated fintech vertical would enable Delhivery to provide access to credit, payment, FASTag aggregator, fuel cards and insurance solutions for its partners — truckers, fleet owners, riders, and MSMEs

by INC42

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by INC42

SUMMARY Shadowfax plans to raise up to INR 2,000 Cr ($225 Mn), split evenly between a fresh issue and an offer-for-sale component via IPO More than half of the proceeds will be channelled into network expansion, with around INR 562 Cr earmarked for building infrastructure and leasing new first and last-mile centres Quick commerce is where our business growth is. Still nascent, we were able to scale this offering to 50 Lakh orders per day: Shadowfax CEO Flipkart-backed ShadowFax is positioning itself to become the country’s… Source link